Switch to:

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 1.20
IBCP's Cash to Debt is ranked higher than
75% of the 1570 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.48 vs. IBCP: 1.20 )
IBCP' s 10-Year Cash to Debt Range
Min: 0.09   Max: 6.78
Current: 1.2

0.09
6.78
Equity to Asset 0.11
IBCP's Equity to Asset is ranked higher than
76% of the 2021 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.09 vs. IBCP: 0.11 )
IBCP' s 10-Year Equity to Asset Range
Min: 0.03   Max: 0.11
Current: 0.11

0.03
0.11
Interest Coverage 2.47
IBCP's Interest Coverage is ranked higher than
79% of the 1845 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.30 vs. IBCP: 2.47 )
IBCP' s 10-Year Interest Coverage Range
Min: 0.05   Max: 2.47
Current: 2.47

0.05
2.47
F-Score: 3
Z-Score: 0.13
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry
vs
history
Operating margin (%) 22.52
IBCP's Operating margin (%) is ranked higher than
65% of the 2032 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 29.47 vs. IBCP: 22.52 )
IBCP' s 10-Year Operating margin (%) Range
Min: -55.42   Max: 37.23
Current: 22.52

-55.42
37.23
Net-margin (%) 16.45
IBCP's Net-margin (%) is ranked higher than
66% of the 2032 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 21.42 vs. IBCP: 16.45 )
IBCP' s 10-Year Net-margin (%) Range
Min: -57.34   Max: 63.12
Current: 16.45

-57.34
63.12
ROE (%) 7.99
IBCP's ROE (%) is ranked higher than
73% of the 2042 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.60 vs. IBCP: 7.99 )
IBCP' s 10-Year ROE (%) Range
Min: -59.22   Max: 42.29
Current: 7.99

-59.22
42.29
ROA (%) 0.85
IBCP's ROA (%) is ranked higher than
75% of the 2045 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.80 vs. IBCP: 0.85 )
IBCP' s 10-Year ROA (%) Range
Min: -3.05   Max: 3.66
Current: 0.85

-3.05
3.66
ROC (Joel Greenblatt) (%) 54.56
IBCP's ROC (Joel Greenblatt) (%) is ranked higher than
70% of the 2013 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 77.18 vs. IBCP: 54.56 )
IBCP' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -128.05   Max: 193.94
Current: 54.56

-128.05
193.94
Revenue Growth (3Y)(%) 8.30
IBCP's Revenue Growth (3Y)(%) is ranked higher than
90% of the 1748 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.30 vs. IBCP: 8.30 )
IBCP' s 10-Year Revenue Growth (3Y)(%) Range
Min: -69.2   Max: 20.8
Current: 8.3

-69.2
20.8
EBITDA Growth (3Y)(%) 70.50
IBCP's EBITDA Growth (3Y)(%) is ranked higher than
98% of the 1569 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.60 vs. IBCP: 70.50 )
IBCP' s 10-Year EBITDA Growth (3Y)(%) Range
Min: -83.4   Max: 70.5
Current: 70.5

-83.4
70.5
» IBCP's 10-Y Financials

Financials


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q4 2013

IBCP Guru Trades in Q4 2013

Jim Simons 450,600 sh (+51.87%)
Paul Tudor Jones 20,000 sh (unchged)
Arnold Schneider Sold Out
» More
Q1 2014

IBCP Guru Trades in Q1 2014

George Soros 33,000 sh (New)
Paul Tudor Jones 20,000 sh (unchged)
Jim Simons 376,369 sh (-16.47%)
» More
Q2 2014

IBCP Guru Trades in Q2 2014

Paul Tudor Jones Sold Out
George Soros Sold Out
Jim Simons 328,879 sh (-12.62%)
» More
Q3 2014

IBCP Guru Trades in Q3 2014

Jim Simons 288,200 sh (-12.37%)
» More
» Details

Insider Trades

Latest Guru Trades with IBCP

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
George Soros 2014-06-30 Sold Out 0.06%$12.5 - $13.64 $ 12.71-2%0
George Soros 2014-03-31 New Buy$11.94 - $14.13 $ 12.71-2%33000
Arnold Schneider 2013-12-31 Sold Out 0.12%$9.32 - $12.3 $ 12.7119%0
Arnold Schneider 2013-09-30 New Buy0.12%$5.79 - $10.01 $ 12.7150%135135
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/E(ttm) 15.80
IBCP's P/E(ttm) is ranked higher than
77% of the 2646 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 18.00 vs. IBCP: 15.80 )
IBCP' s 10-Year P/E(ttm) Range
Min: 1.55   Max: 205.63
Current: 15.8

1.55
205.63
P/B 1.18
IBCP's P/B is ranked higher than
77% of the 2646 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.33 vs. IBCP: 1.18 )
IBCP' s 10-Year P/B Range
Min: 0.18   Max: 3.56
Current: 1.18

0.18
3.56
P/S 2.59
IBCP's P/S is ranked higher than
83% of the 2646 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.59 vs. IBCP: 2.59 )
IBCP' s 10-Year P/S Range
Min: 0.03   Max: 4.53
Current: 2.59

0.03
4.53
EV-to-EBIT 10.75
IBCP's EV-to-EBIT is ranked higher than
87% of the 2646 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 19.57 vs. IBCP: 10.75 )
IBCP' s 10-Year EV-to-EBIT Range
Min: -117.9   Max: 318.8
Current: 10.75

-117.9
318.8

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.42
IBCP's Dividend Yield is ranked lower than
69% of the 1880 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.31 vs. IBCP: 1.42 )
IBCP' s 10-Year Dividend Yield Range
Min: 0.46   Max: 19.77
Current: 1.42

0.46
19.77
Dividend Payout 0.15
IBCP's Dividend Payout is ranked higher than
91% of the 2646 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.61 vs. IBCP: 0.15 )
IBCP' s 10-Year Dividend Payout Range
Min: 0.07   Max: 15.04
Current: 0.15

0.07
15.04
Yield on cost (5-Year) 1.40
IBCP's Yield on cost (5-Year) is ranked lower than
70% of the 1893 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.58 vs. IBCP: 1.40 )
IBCP' s 10-Year Yield on cost (5-Year) Range
Min: 0.46   Max: 19.77
Current: 1.4

0.46
19.77
Share Buyback Rate 19.20
IBCP's Share Buyback Rate is ranked higher than
98% of the 1479 Companies
in the Global Banks - Regional - US industry.

( Industry Median: -1.80 vs. IBCP: 19.20 )
IBCP' s 10-Year Share Buyback Rate Range
Min: 19.2   Max: -211.5
Current: 19.2

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.26
IBCP's Price/Tangible Book is ranked higher than
79% of the 2646 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.60 vs. IBCP: 1.26 )
IBCP' s 10-Year Price/Tangible Book Range
Min: 0.32   Max: 10.37
Current: 1.26

0.32
10.37
Price/DCF (Projected) 1.40
IBCP's Price/DCF (Projected) is ranked higher than
75% of the 2646 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 5.17 vs. IBCP: 1.40 )
IBCP' s 10-Year Price/DCF (Projected) Range
Min: 0.07   Max: 3.25
Current: 1.4

0.07
3.25
Price/Median PS Value 1.87
IBCP's Price/Median PS Value is ranked higher than
63% of the 2646 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.22 vs. IBCP: 1.87 )
IBCP' s 10-Year Price/Median PS Value Range
Min: 0.02   Max: 5.4
Current: 1.87

0.02
5.4
Price/Graham Number 0.92
IBCP's Price/Graham Number is ranked higher than
81% of the 2646 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.18 vs. IBCP: 0.92 )
IBCP' s 10-Year Price/Graham Number Range
Min: 0.1   Max: 13.78
Current: 0.92

0.1
13.78
Earnings Yield (Greenblatt) 9.30
IBCP's Earnings Yield (Greenblatt) is ranked higher than
84% of the 2006 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.60 vs. IBCP: 9.30 )
IBCP' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.3   Max: 1021.3
Current: 9.3

0.3
1021.3
Forward Rate of Return (Yacktman) 68.76
IBCP's Forward Rate of Return (Yacktman) is ranked higher than
94% of the 1250 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 13.90 vs. IBCP: 68.76 )
IBCP' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -206.6   Max: 108.4
Current: 68.76

-206.6
108.4

Business Description

Industry: Banks » Banks - Regional - US
Compare:MTB, USB, PNC, PB, CFR » details
Independent Bank Corp (Ionia MI) was incorporated under the laws of the State of Michigan on September 17, 1973, for the purpose of becoming a bank holding company. It is registered under the Bank Holding Company Act of 1956 and owns the outstanding stock of Independent Bank which is organized under the laws of the State of Michigan. The Bank's activities cover all phases of banking, including checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending and safe deposit box services. Mepco Finance Corporation, a subsidiary of its Bank, acquires and services payment plans used by consumers to purchase vehicle service contracts provided and administered by third parties. In addition, the Bank offers title insurance services through a separate subsidiary and provides investment and insurance services through a third party agreement with Cetera Investment Services LLC. The Company's main markets are the rural and suburban communities across Lower Michigan that is served by its Bank's branch network. The Bank serves its markets through its main office and a total of 70 branches, 2 drive-thru facilities and 5 loan production offices. The Bank competes with other commercial banks, savings banks, credit unions, mortgage banking companies, securities brokerage companies, insurance companies, and money market mutual funds. The Company is subject to regulation by, the Federal Reserve under the Bank Holding Company Act.
» More Articles for IBCP

Headlines

Articles On GuruFocus.com
Independent Bank Corp. Reports Operating Results (10-K) Mar 10 2011 
Independent Bank Corp. Reports Operating Results (10-Q) Nov 04 2010 
Independent Bank Corp. Reports Operating Results (10-Q) Aug 06 2010 
Independent Bank Corp. Reports Operating Results (10-Q) May 11 2010 
Independent Bank Corp. Reports Operating Results (10-Q) Nov 06 2009 
Independent Bank Corporation Reports 2009 Second Quarter Results Jul 28 2009 
Independent Bank Corp. Reports Operating Results (10-Q) May 08 2009 
Independent Bank Corporation Reports 2008 Fourth Quarter And Full Year Results Jan 26 2009 

More From Other Websites
Year in Review: Banks in Houston consolidate, spur executive musical chairs Dec 19 2014
Zacks Industry Outlook Highlights: Independent Bank Group, Union Bankshares, Central Pacific... Dec 05 2014
INDEPENDENT BANK CORP /MI/ Files SEC form 8-K, Regulation FD Disclosure Dec 02 2014
Independent Bank Corp. Announces $35 Million Subordinated Debt Issuance Nov 18 2014
9 Widely Overlooked Small Banks That Offer Big Profit Potential Nov 18 2014
INDEPENDENT BANK CORP /MI/ Financials Nov 15 2014
10-Q for Independent Bank Corp. (Michigan) Nov 09 2014
Independent Bank Corporation Announces Quarterly Cash Dividend On Its Common Stock Oct 28 2014
INDEPENDENT BANK CORP /MI/ Files SEC form 8-K, Change in Directors or Principal Officers, Financial... Oct 28 2014
Independent Bank Corporation Announces Appointment Of Matthew J. Missad To Its Board Of Directors Oct 28 2014
INDEPENDENT BANK CORP /MI/ Files SEC form 8-K, Results of Operations and Financial Condition,... Oct 27 2014
Independent Bank Corporation Reports 2014 Third Quarter Results Oct 27 2014
Q3 2014 Independent Bank Corp Earnings Release - Before Market Open Oct 27 2014
Independent Bank Opens Cadillac Loan Center Oct 20 2014
Independent Bank Corporation Announces Date For Its Third Quarter 2014 Earnings Release Sep 15 2014
INDEPENDENT BANK CORP /MI/ Files SEC form 8-K, Results of Operations and Financial Condition,... Jul 28 2014
Independent Bank Corporation Reports 2014 Second Quarter Results Jul 28 2014
Independent Bank Corp (Ionia MI) Stock Downgraded (IBCP) Jul 25 2014
Independent Bank Corporation Announces Quarterly Cash Dividend On Its Common Stock Jul 22 2014
UPDATE: Keefe, Bruyette & Woods Downgrades Independent Bank As Focus Turns To Rebuilding... Jul 02 2014

Personalized Checklist

Checklist has been moved to "Checklist" tab.

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK